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Will the Federal Reserve step in and purchase more government debt? That could depress yields and cement the dollar’s downfall. Clues about Fed policy are due later in the day when minutes from its December meeting are released. Back then, Fed Chairman Jerome Powell provided guidance about the bond-buying scheme and pledged to do more if necessary. The protocols may provide clues about how close the bank is to expanding its scheme, now standing at around $120 billion/month. Earlier, ADP’s labor statistics for December are forecast to show a slowdown in private-sector hiring after a healt...

The Democrats appeared poised to take control of the US Senate tonight as Raphael Warnock won a run-off election in Georgia and his colleague Jon Ossoff held a lead with almost all votes counted in

Final Services PMIs in Europe confirmed that the sector – hit by COVID-19 – continues contracting. France's preliminary Consumer Price Index Index read came out at 0.2%, worse than expected.  Overall, while the dollar may benefit from rising yields, the Fed´s commitment to act, vaccine hopes, and perhaps poor data may push the currency pair higher.  EUR/USD Technical Analysis The recent surge has placed momentum on the four-hour chart on positive ground while the Relative Strength Index is below 70 – outside overbought conditions. This Goldilocks scenario is bullish for euro/dollar, ...

Jan 6, 2021 15:28 GMTForex News EUR/USD has risen on prospects that Democrats control the Senate and pass fiscal stimulus. The Federal Reserve could expand its bond-buying scheme amid labor market concerns.  Wednesday’s four-hour chart is pointing to further gains.  The more the dollar is printed, the less it is worth. Prospects of additional fiscal and monetary stimulus are weighing on the greenback and could continue doing so. EUR/USD is already trading at the highest since early 2018 and moving to 1.24 is on the cards. Georgia’s special runoff elections dealt the first blow to the sa...

Nick Robertson/Connect Savannah LEFT: Republican U.S. Senator Kelly Loeffler campaigns in Thunderbolt on Dec. 12. RIGHT: Democratic U.S. Senate candidate Rapahel Warnock visits his childhood home in Savannah on Dec. 18. As the Jan. 5 runoff election for both of Georgia’s U.S. Senate seats draws near, candidates are repeatedly campaigning in Savannah amid a final drive to get out the vote. Democrat Raphael Warnock, a Savannah native, is challenging...